Smart and profitable traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. Stock and forex traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new traders will try and fight the trend.

Friday, May 30, 2014

US releases

Gold prices continues to trade at its lowest levels since February, with a spot price of $1255.27 per ounce in Friday’s European session. The metal has notreacted to a decline in US GDP in Q1. In other US releases, Unemployment Claims were sharp but Pending Home Sales fell short of the estimate. On Friday, there are no major events on the schedule. Today’s highlights are Chicago PMI and Revised UoM Consumer Sentiment.

Learning to Trade

Stock market trading the fear of losing If you are a trader in the stock market losing trades are part of trading. One of the biggest emotional aspects in trading is to overcome the fear of losing. Having a losing trade causing you to have feeling of fear and pain from the loss. All good stock traders will except small loses and learn from the experience. Traders need to realize that they will have small loses its part of the trading game as they learn to play to win. They will adjust their trading strategy to keep losses small and their winning stock trades big. As a stock trader you need to learn what the successful traders are doing and study their trading style. This way you will limit your losses and keep them manageable. You need to work on your mind set that you will have losses in stock trading. Learning to trade with a mind set of not to lose is good to a certain point. Small losses are the price to be paid to be a consistence winner in the stock markets

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